Clarity Wealth Advisors LLC purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,790 shares of the manufacturing equipment provider’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC increased its stake in shares of Applied Materials by 1.3% during the 1st quarter. Global Retirement Partners LLC now owns 6,254 shares of the manufacturing equipment provider’s stock worth $836,000 after purchasing an additional 82 shares during the last quarter. Highland Private Wealth Management increased its stake in shares of Applied Materials by 1.7% during the 1st quarter. Highland Private Wealth Management now owns 5,116 shares of the manufacturing equipment provider’s stock worth $683,000 after purchasing an additional 87 shares during the last quarter. Johanson Financial Advisors Inc. increased its stake in shares of Applied Materials by 2.2% during the 1st quarter. Johanson Financial Advisors Inc. now owns 3,974 shares of the manufacturing equipment provider’s stock worth $533,000 after purchasing an additional 87 shares during the last quarter. Prestige Wealth Management Group LLC increased its stake in shares of Applied Materials by 42.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 297 shares of the manufacturing equipment provider’s stock worth $25,000 after purchasing an additional 88 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its stake in shares of Applied Materials by 1.5% during the 1st quarter. Capital Investment Advisors LLC now owns 6,369 shares of the manufacturing equipment provider’s stock worth $851,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

Shares of NASDAQ:AMAT traded down $6.05 during midday trading on Tuesday, reaching $126.80. 312,797 shares of the company’s stock were exchanged, compared to its average volume of 9,443,480. The company’s 50 day simple moving average is $130.66 and its two-hundred day simple moving average is $101.00. The firm has a market capitalization of $116.36 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.06 and a beta of 1.48. Applied Materials, Inc. has a 12 month low of $46.22 and a 12 month high of $146.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.12 and a current ratio of 3.00.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Wednesday, February 17th. The manufacturing equipment provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.11. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Applied Materials had a net margin of 21.04% and a return on equity of 40.65%. During the same quarter last year, the company posted $0.98 EPS. On average, research analysts anticipate that Applied Materials, Inc. will post 4.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 17th. Investors of record on Thursday, May 27th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, May 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Applied Materials’s previous quarterly dividend of $0.22. Applied Materials’s dividend payout ratio (DPR) is 21.10%.

Several brokerages have recently commented on AMAT. Credit Suisse Group increased their price target on shares of Applied Materials from $145.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, April 5th. Bank of America raised their target price on shares of Applied Materials from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, March 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Applied Materials from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 22nd. Sanford C. Bernstein initiated coverage on shares of Applied Materials in a research note on Tuesday, March 30th. They issued an “outperform” rating and a $160.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Applied Materials from $88.00 to $146.00 and gave the company an “overweight” rating in a research note on Friday, February 19th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $144.08.

In related news, Director Thomas J. Iannotti sold 15,000 shares of the stock in a transaction dated Wednesday, March 31st. The shares were sold at an average price of $131.95, for a total transaction of $1,979,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabu G. Raja sold 50,000 shares of the stock in a transaction dated Thursday, April 8th. The stock was sold at an average price of $140.95, for a total transaction of $7,047,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 170,184 shares of company stock valued at $23,752,510 in the last quarter. 0.41% of the stock is currently owned by corporate insiders.

Applied Materials Profile

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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